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Finance Group Questions
Bond-Rating Proposals

By

Aaron Lucchetti

Updated July 7, 2008 12:01 a.m. ET

A key financial-industry investment group said U.S. regulatory proposals to improve the credibility of bond ratings may not go far enough.

The CFA Institute, which represents 96,000 investors, brokers, analysts and others in finance-related professions, said in a poll to be released this week that many of its members want a new regulatory organization to police rating firms and a different set of rating symbols for structured products such as mortgage-backed securities and collateralized debt obligations.